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Financial planning
The regulator’s position on adviser remuneration has been questioned by the Federal opposition, who have implied that the watchdog did not have an adequate understanding ...
Financial planning
A number of companies connected with an unregistered management investment product are now the subject of Federal Court restraining orders following legal action by the A...
Financial planning
The Financial Planning Association has confirmed that it is investigating six complaints about its members in relation to the failed Westpoint group....
Financial planning
Liquidators have been appointed to wind up Westpoint Corporation following an application by ASIC to have the company shutdown on grounds of insolvency....
Financial planning
Leading financial services industry figures involved in discussions regarding disclosure at the ASIC Summer School have agreed disclosure practices must be plainer and ea...
Financial planning
The corporate regulator remains enthusiastic about creating additional model Statements of Advice (SOAs), despite only a “mutedly positive” response to the initiative fro...
Financial planning
Advisers and consumers will soon have greater access to information about reverse mortgages as Sequal prepares equity release education standards for advisers, and ASIC l...
Financial planning
Managed investment scheme promoters who exploit the tax system will be open to civil penalties in the Federal Court if a new bill is passed....
Financial planning
ASIC has reiterated its intention to scrutinise the role of financial advisers in Westpoint’s failed mezzanine property lending products after the Federal opposition leve...
Financial planning
The Australasian Consumer Taskforce, comprising 18 agencies across Australia and New Zealand, has launched a four-week campaign to help consumers avoid losing money as a ...
Financial planning
Law firm Slater and Gordon has confirmed that it will launch its class action against financial planners whose clients were exposed to failed Westpoint investments as soo...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...